Petrobras recovers $1 billion in operation car wash scandal

Petrobras recovers $1 billion in operation car wash scandal

Brazil’s Petrobras said it has received a return of R$ 1.034 billion in the car wash corruption trials and negotiation.

Petrobras said in a statement that the funds were recovered through cooperation and leniency agreements signed with individuals and legal entities by the Federal Public Prosecutor’s Office in Curitiba and by the Office of the Attorney General in Brasília under Operation Car Wash.

The company said the recovery is the highest refund received by Petrobras in a single period, which added to the resources already transferred to the company since the beginning of the Operation exceeds the amount of R$ 2.5 billion.

The company, which is recognized by the authorities as a victim of the acts unraveled by the Operation, will continue to adopt applicable measures against companies and individuals who have caused damage to the company. Petrobras acts as co-author with the Federal Prosecutor’s Office and the Federal Government in 16 administrative improbity lawsuits in progress, in addition to being a prosecution assistant in 51 criminal lawsuits.